The
Avoidance of Double Taxation Agreement (DTA) between Singapore and the Republic
of Turkmenistan, signed on 28 August 2019, entered into force on 30 April 2020.
The
DTA will enhance the cross-border trade and investment between both countries.
It lowers the withholding tax rates on income flows arising from cross-border
business activities, and stipulates the taxing rights of both jurisdictions to
minimise double taxation.
The
full text of the DTA is available on the Inland Revenue Authority of
Singapore’s website here.
MINISTRY OF FINANCE